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Image header Agence Europe
Europe Daily Bulletin No. 9338
Contents Publication in full By article 15 / 24
GENERAL NEWS / (eu) eu/emu

Czech central bank governor thinks rules for adopting common currency should evolve

Brussels, 05/01/2007 (Agence Europe) - Zdenek Tuma, the governor of the Czech central bank, thinks that rules for adopting the Euro are outmoded and “counter productive”. In a column in the Financial Times on 4 January he explained that these rules were established for a smaller European Union, that was at the time in practice pegged to the Deutsch Mark, and should therefore be changed. The obligation of countries staying in the exchange rate mechanism (ERM-2) where national currencies...

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